US-based energy management company Consert secured $7m in financing according to a filing made with the US Securities and Exchanges Commission (SEC) on Tuesday. Consert is looking to raise a total of $8.75m from the round.
Consert raised $17.7m, in June 2010, from corporate venturing units GE Energy Financial Services and Verizon Ventures, semiconductor manufacurer Qualcomm and energy company Constellation Energy.
The investors in the current round are yet to be officially disclosed but the signatories on the June 2010 filing are all present on Tuesday’s SEC filing, signifying the above firms are likely to be investors in this round. Consert secured $3.4m in debt funding, also in June 2010.
Founded in 2008, Consert manufactures home energy management systems uses a smart thermostat, which connects to a central data centre using Verizon’s 3G and 4G networks. Verizon and Consert announced results from jointly-managed Texas-based pilot projects in June.